Taxes
Danbury mayor and possible gubernatorial candidate Mark Boughton, in his personal blog (which posts also to his widely-distributed Facebook page) says we’re on the brink.
Here is a news flash…the State of Connecticut is broke. Busted. Cleaned out.
Here is another news flash…it is not going to get any better anytime soon.
It is time that we all [...]
Continue reading about Popular mayor says State is “on the brink”
Heath Fahle at Connecticut Local Politics summarizes our State’s problem as only a taciturn New Englander can do: we have no money.
Governor Rell is proposing steps to reduce the budget gap:
In an attempt to halt the 2010 budget’s slide into deficit, Gov. M. Jodi Rell released a $337 million package of proposed budget cuts Tuesday afternoon, slashing funding to programs for the poor and sick, local governments and state agencies….
“It is deeply painful even to suggest [...]
According to this non-partisan State report, you are in trouble.
Will a tax revolt this be the ultimate trickle-down economic effect? Revenue is drying up not only at the Federal level but is now doing so, as was inevitable, at the State and local levels. I’ll go out on a limb and predict that the local [...]
Continue reading about Budget woes trickling down to municipalities
The income tax raised nearly $1.3 billion less than budgeted in the last fiscal year, which ended in a record $925.6 million deficit. The state government is covering that shortfall with borrowed money.
The current year is showing no signs of improvement.
Are we on our way to being the next California? Read more here at the [...]
Continue reading about Connecticut income tax revenue dropping
Governor Rell will allow the budget which has been passed by the Legislature to take effect. From Mrs. Rell’s press release:
“Democrats have repeatedly called this budget a ‘compromise,’” Governor Rell said. “It is hardly a compromise. Last week I put a new budget proposal on the table – my fourth – in which I accepted [...]
Continue reading about Governor Rell will let budget take effect with few changes
Power Line reports on the budget controversy in Minnesota, where the fur is flying.
Republicans are out of power in Washington and many other places around the country. They’re out of power here in Minnesota, too, except for Governor Tim Pawlenty. But in this case, one man has been enough–Pawlenty has faced down the Democrats and [...]
I have very little idea – and neither do you. What is certain is that there will be a lot more bloodletting before it’s over. Here’s an interesting map of the Governor’s proposed cuts (caveat: prepared by Senate Democrats). Hat tip: Connecticut Local Politics.
View Governor Rell’s Proposed Cuts in a larger map
Continue reading about What will the State budget look like?
Annoyingly clear thinking from Don Pesci:
The rich ain’t gonna get us out of this ditch.
Here’s why: The real problem in Connecticut has been caused by accumulative excessive spending, a problem only a brave few in the legislature want to solve.
Prove it, doubters say. The proof is in the astounding growth of the bottom line of [...]
Continue reading about The bottom line swells, and swells, and…
When the chickens come home to roost as they eventually do it’s a safe bet that you don’t want to be sitting under the roost. So, I’m cringing as I think about how our debt habit is finally starting to hurt us in ways that really count. What’s going to get cut? Who’s going to [...]
Continue reading about Pain on the way as State, towns grapple with budget cuts
